A pretty mixed day in Asia today with a small improvement for Japan, whilst the China decline continues. Having heard the comments from FED Chair Jerome Powell, markets assumed a hold mentality with volumes reflecting the uncertainty coupled with summer lull. The Nikkei did add +0.5% onto yesterdays numbers, but at the expense of the […]
Japan was the only one of the core to distance itself form all others and close positive (+0.45%) on the day. That is probably because the Yen lost ground and seems to have finally broken that correlation play for now. Declining energy prices was the main talking point for Asia, but that started late last […]
Despite all of the weekends headlines surrounding US Presidents Trump’s meetings with NATO, UK’s PM Theresa May and then on to Helsinki with President Putin markets maintained calm. The USD remains very well supported, core bonds around the globe held their ground and other than a drift in energy prices, overall we survive in a […]
Friday the 13th may not be that lucky for some, but that did not appear to be the case for todays markets. Asia built on yesterdays gains with core markets stronger across the region. The Nikkei closed up +1.85%, with only a little added by the -0.4% depreciation of the Yen. Shanghai appeared to struggle […]
Many in the market were waiting to hear a response from China today, after the escalation by the US in trade tariffs. However, given their noticeable absence has provided a huge relief for markets and so we saw yesterdays decline reversed. An impressive 2.2% bounce proved wide spread and especially creditworthy when we see that […]
Just when the markets started to rejoice in the fact that there had been no recent escalation of trade wars and then the silence is broken. Early in the Asian trading day the US released a list of additional tariffs which are assumed to total close to $200bn. This number has wobbled equities and put […]
Asian markets focused in Wall Streets rally and especially as trade concerns appeared to have faded for now. We saw another solid day for Shanghai (+0.5%) but sadly the Hang Seng was unable to join the party. It looks as though the tech sector is failing the HSI, but then it has been the star […]
The mood appeared constructive in Asia today mostly following on from the late US rally Friday. Lack of any damaging weekend headlines has proved to be a relief and the markets have reflected it. China showed its reserve today with the core Shanghai index climbing over 2.5% and equally impressive, closing at the highs of […]
It just looks as though the markets were ready for the trade tariffs as they took them and just moved on! After an initial wobble as sanctions came into effect at US midnight yesterday, the buying appeared and markets were looking forward to US Employment data. Eventually, after much debate and anxiousness equity markets improved […]
Another weak session for Asia even as some markets did attempt a bounce. The mood in general remains negative with core China Shanghai down another 1% today as the US/China tariff issue possibly are enacted Friday. China has already publically stated they will respond and not be proactive, but the benefit of the time […]
